Colombia is quickly overcoming its 20th century reputation of being thenotorious crown of the illicit drug trade. It has now replaced this reputation with one of a throbbing tech hub for startups. Sitting in the northern tip of South America draped in lush dense rainforests, soaring mountains and coffee plantations as well as other plantations that won't be mentioned here, it has an established startup ecosystem with huge potential happening for the innovative young generation to take advantage of. The capital, Bogotá, is known for its shopping, restaurants and bars, whilst Cartagena squatting on the Caribbean coast is a walled colonial Old Town with a 16th Century castle and endless beaches. Bordered by Panama, Venezuela, Brazil, Ecuador and Peru, it is a country rich in culture.

The government's wish list includes having 63% of the country's population (43.9 million) connected to broadband by 2018. Colombia has the third largest population in Latin America and is the third largest Spanish-speaking nation in the world. It does have a number of advantages on the global front, such as its rapidly growing GDP with low inflation, decreasing figures in the poverty and unemployment bracket that in part can be attributed to tech-based programs aimed at addressing the issues of inequality. There are a wealth of competitive public incentives and structural growth that is attracting immigration. Its geographical location to the US is a plus, with its main rival being Mexico. There is more than 38 private equity, venture capital or seed fund companies in the country, with the Government putting in place numerous initiatives to support and promote tech innovation and new ventures. Bogota is the forerunner of the capital cities emerging as the place to be, as it is home to the national government, the country's corporate and financial institutions as well as having the most diverse ex-pat and immigrant community within its folds.

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